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Callaway Unwinds Sub-Par Acquisition of Topgolf
Yahoo Finance· 2025-11-19 19:30
Topgolf was a big duff for Callaway. On Tuesday, the golf giant announced it had agreed to sell a 60% stake in the popular driving-range-slash-golf-simulator-slash-brewpub brand to LA-based private equity firm Leonard Green. The deal values Topgolf at $1.1 billion, roughly half of what Callaway paid for the brand in 2020. So how could something so beloved by bachelor parties be such a business bogey? SUBSCRIBE: Receive more of our free The Daily Upside newsletter. READ ALSO: With AI Bases Loaded, Nvidia ...